SAIL Q1 turnover increases by 22.42%

SAIL Chairman says that operational performance has recorded improvement over the past many quarters and the trend is likely to continue

GN Bureau | September 5, 2018


#SAIL   #steel   #profit   #Saraswati Prasad  

Steel Authority of India Ltd. (SAIL) has clocked a profit after tax (PAT) of Rs 540.43 crore in the first quarter (Q1) of current fiscal. SAIL’s turnover in Q1 2018-19 rose by 22.42 per cent over corresponding period of the last year to Rs 15,743.21 crore.

 
SAIL claims that it is bringing comprehensive improvements in its entire operations, backed by efforts for improving efficiencies and improved techno- economic parameters. In the first quarter of the current fiscal, the PSU’s saleable steel production was 3.61 million tonnes (MT) which rose 13 per cent over CPLY. The company’s sales volume at 3.271 MT in Q1 FY19 was also eight per cent higher over CPLY. It recorded improvement in all the techno-economic parameters including coke rate by three per cent, blast furnace productivity by two per cent and Specific Energy Consumption by three per cent over CPLY.
 
Chairman, SAIL Saraswati Prasad said that operational performance has recorded improvement over the past many quarters and the trend is likely to continue. SAIL has taken several new initiatives which will help the Company in improving its physical and financial performance.

Comments

 

Other News

Vote in the time of Covid: EC hosts global webinar

On completion of one year of the chairmanship of the Association of World Election Bodies (A-WEB), the Election Commission (EC) of India on Monday hosted an international webinar on the theme of “Issues, Challenges and Protocols for Conducting  Elections during COVID-19 : Sharing Country

Freedom of press in India is a myth: Tewari

Sections of the news media have degenerated into becoming the pet performing poodle of the government, says Manish Tewari, former information and broadcasting minister and a member of the Lok Sabha. In a webinar chat with Kailashnath Adhikari, MD, Governance Now, on Friday as part of the Vis

In free fall: Close to 1 lakh Covid-19 cases a day

India has been hitting upwards of 90,000 fresh cases of Covid-19 every day for some time now, as the virus continues to spread amid further Unlock. The recoveries, on the other hand, are also creating new records. The country recorded 96,424 new cases of infection – the highest single-

India has new record of recoveries – but new cases remain high too

India once again registered 90,000-plus fresh cases of Covid-19 in a day, even as the number of recoveries too registered a new high – 82,961. The number of those who have recovered so far is now nearly four times higher than the number of active cases. India continues to record a spat

“In financial sector, governance is the key”

The fall of financial institutions is largely a result of governance failures and company board members must ensure checks and balances for the larger ecosystem, says entrepreneur Shachindra Nath, executive chairman and managing director, U GRO Capital. In an webinar chat with Kailashnath Ad

More discussion in parliament beneficial for country: PM

As parliament on Monday commenced its special session amid the raging Covid-19 pandemic, prime minister Narendra Modi underlined the importance of debate in the house, saying that it is “beneficial” for the country. “Several important decisions will be taken in this session

Governance Now Tech Masterclass State Governments

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter